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Mahopac Short Sales: Bankers, can we have more open and transparent loan modifications?

Mahopac NY Loan modifications have become a joke. People get turned down for no reason at all.

People really want to keep their home, but just can't figure out what to do. The loan modification negotiators realize how desperate the homeowners are. They use their power over the person to take an ego trip.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

"I'm going to make this person beg me personally for their loan modification", they think to themselves. Everything becomes a competition between negotiators on who can squeeze more out of people.

They talk to their fellow negotiators about what they are able to force people to do."I saw that one lady had $100 a month for entertainment on her financial statement. I told her she didn't deserve money for entertainment when she owed money to us", they said to them.

Meanwhile, the other negotiator tells their story. "One couple had $200 a month on their financial statement to give to their church. As soon as I saw that, I increased the payment I asked by $200", they say.

Yes, power does corrupt. These loan modification negotiators hold they keys to the homeowners future staying in their home.

Here is what needs to be added to the Homeowner's Bill of Rights.

1. Whenever a homeowner is turned down for a loan modification, the lender shall give them a written, coherent response   along with the reason they were turned down. It needs to specifically detail why they were denied and what they can do to be approved.

2. Homeowners are given all the guidelines at the beginning of the loan modification process. They should receive the same guidelines the loan modification negotiator receives. That way they can make sure that they aren't lying to them.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at Harry@townandvillagerealty.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail. If you prefer, then you can call me at (914) 714-8014.

Discover how other sellers successfully completed a short sale and request a free consultation
Thanks for reading this, Henry DOnofrio.

Henry is a Real Estate Broker at Town and Village Realty.

Phone: (914) 714-8014. Harry@townandvillagerealty.com

www.townandvillagerealty.com

View My homes for sale at  www.townandvillagerealty.com

Henry DOnofrio specializes in loan modification assistance and short sales in White Plains New York. White Plains Loan Modification Help, White Plains short sales. White Plains Short Sale Reator Short Sale Realtor. Mahopac NY Short Sales. Mahopac Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Henry DOnofrio's personal views and do not reflect the views of Town and Village Realty.  This information on Mahopac Short Sales: Bankers, can we have more open and transparent loan modifications is provided as a courtesy to our viewers to help them make informed decisions.

Published Wednesday, May 18, 2011 2:32 PM by Harry DOnofrio

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